Azerbaijan, Baku, May 27 / Trend N.Ismayilova /
As of May 1, the average rate on bank lending to the economy of Azerbaijan in national currency amounted to 14.17 percent compared to 13.99 percent as of April 1, 16.25 percent as of May 1, 2009, the Central Bank of Azerbaijan reported
Average interest rate on bank lending in hard currency amounted to 15.27 percent compared to 15.40 percent and 16.98, respectively.
As of early May, the average rate on bank lending to legal entities in national currency hit 11.72 percent compared to 11.60 percent as of April 1, 13.43 percent as of May 1, 2009. The average rate on bank credits to corporate clients in hard currency was 12.41 percent compared to 12.55 percent as of April 1, 15.05 percent as of May 1, 2009.
In this period, the average rate on bank lending to individuals in national currency amounted to 20.13 percent compared to 19.93 percent as of April 1 and 21.06 percent as of may 1,2009. Average interest rate on bank credit to the individual clients in hard currency was 22.21 percent compared to 22.09 percent and 20.27 percent respectively
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